Share Price and Basic Stock Data
Last Updated: January 27, 2026, 10:22 pm
| PEG Ratio | 0.10 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker – Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
Force Motors Ltd operates in the automotive sector, specifically focusing on light commercial vehicles (LCVs) and heavy commercial vehicles (HCVs). As of the latest reporting, the company’s share price stood at ₹20,405, with a market capitalization of ₹26,886 Cr. The company has demonstrated robust revenue growth, with sales reaching ₹5,029 Cr in FY 2023, which increased significantly to ₹6,992 Cr in FY 2024, and is projected to rise to ₹8,072 Cr in FY 2025. Quarterly sales figures reveal a steady upward trajectory, peaking at ₹2,356 Cr in March 2025. This consistent growth trend showcases the company’s ability to capitalize on market demand, positioning it favorably within the industry. The reported operating profit margin (OPM) rose to 14% in FY 2025, reflecting improved operational efficiency and cost management. The revenue from operations per share for FY 2025 stood at ₹6,124.23, indicating effective utilization of resources in generating sales.
Profitability and Efficiency Metrics
Force Motors has reported a notable net profit of ₹1,077 Cr for FY 2025, indicating a strong recovery from prior years, particularly a net profit of only ₹134 Cr in FY 2023. The return on equity (ROE) is impressive at 20.8%, while the return on capital employed (ROCE) stands at 30%, demonstrating effective capital utilization. The company’s interest coverage ratio (ICR) is remarkably high at 44.43x, underscoring its ability to meet interest obligations comfortably, with borrowings recorded at ₹0 Cr, signifying a debt-free status. However, the operating profit margin has shown fluctuations, with a high of 14% in FY 2025 compared to 6% in FY 2023. This variability in margins may reflect changing cost structures or competitive pressures. Additionally, the cash conversion cycle, reported at 32 days, indicates efficient management of working capital, which is crucial for maintaining liquidity in the fast-paced automotive sector.
Balance Sheet Strength and Financial Ratios
The balance sheet of Force Motors reveals a solid financial foundation, with reserves reported at ₹3,493 Cr as of September 2025, significantly up from ₹1,862 Cr in FY 2023. The company has no outstanding borrowings, which enhances its financial stability and reduces interest expense risks. The current ratio stands at 1.50, indicating sufficient liquidity to cover short-term obligations. The price-to-book value (P/BV) ratio is reported at 3.93x, which, while on the higher side, reflects positive market sentiment regarding the company’s growth prospects. Force Motors has also shown a significant improvement in net profit margins, which rose to 9.91% in FY 2025 from only 3.02% in FY 2023. However, the company faces challenges with its inventory turnover ratio, reported at 6.88x, which, while better than previous years, may still suggest areas for improvement in inventory management.
Shareholding Pattern and Investor Confidence
The shareholding structure of Force Motors indicates a stable promoter holding of 61.63%, fostering confidence among investors regarding management’s commitment to the company. Foreign institutional investors (FIIs) have gradually increased their stake from 2.72% in March 2023 to 10.46% in December 2025, reflecting growing confidence in the company’s future prospects. Domestic institutional investors (DIIs) hold a modest 1.80% stake, which is relatively low compared to FIIs. The public shareholding has decreased from 33.33% in March 2023 to 26.12% in December 2025, indicating a potential consolidation of ownership. The total number of shareholders has increased to 71,870, suggesting a broadening interest in the company’s shares. This evolving shareholding pattern, combined with strong financial performance, indicates a positive sentiment among both institutional and retail investors.
Outlook, Risks, and Final Insight
Looking ahead, Force Motors appears well-positioned for continued growth, supported by strong revenue trends and a healthy balance sheet. However, potential risks include fluctuations in raw material costs, which could impact profitability margins. Additionally, competition in the automotive sector remains intense, which may pressure pricing strategies. The company’s ability to innovate and adapt to changing market demands will be crucial for sustaining its growth trajectory. Furthermore, external factors such as regulatory changes and economic conditions could pose challenges. If Force Motors successfully navigates these risks while capitalizing on growth opportunities, it could enhance shareholder value significantly. Conversely, failure to address these challenges could impede its progress, necessitating a vigilant approach to market dynamics and operational efficiency.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Force Motors Ltd | 24,686 Cr. | 18,785 | 22,000/6,125 | 30.1 | 2,661 | 0.21 % | 30.0 % | 20.8 % | 10.0 |
| SML Mahindra Ltd (SML ISUZU Ltd) | 5,074 Cr. | 3,492 | 4,745/1,028 | 32.0 | 307 | 0.52 % | 27.1 % | 36.4 % | 10.0 |
| Olectra Greentech Ltd | 8,105 Cr. | 988 | 1,714/965 | 56.7 | 137 | 0.04 % | 20.5 % | 14.3 % | 4.00 |
| Tata Motors Ltd | 1,47,974 Cr. | 402 | 538/324 | 6.84 | 316 | 1.49 % | 20.0 % | 28.1 % | 2.00 |
| Ashok Leyland Ltd | 1,13,354 Cr. | 193 | 199/95.2 | 33.9 | 21.4 | 1.62 % | 14.3 % | 28.8 % | 1.00 |
| Industry Average | 59,838.60 Cr | 4,772.00 | 31.91 | 688.48 | 0.78% | 22.38% | 25.68% | 5.40 |
Quarterly Result
| Metric | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,264 | 1,304 | 1,490 | 1,488 | 1,802 | 1,692 | 2,011 | 1,885 | 1,941 | 1,889 | 2,356 | 2,297 | 2,081 |
| Expenses | 1,166 | 1,250 | 1,372 | 1,310 | 1,581 | 1,477 | 1,733 | 1,640 | 1,664 | 1,658 | 2,027 | 1,974 | 1,719 |
| Operating Profit | 98 | 54 | 118 | 177 | 221 | 215 | 279 | 245 | 277 | 232 | 329 | 323 | 363 |
| OPM % | 8% | 4% | 8% | 12% | 12% | 13% | 14% | 13% | 14% | 12% | 14% | 14% | 17% |
| Other Income | 12 | 5 | 246 | 11 | 9 | 4 | 18 | 15 | 9 | 20 | 418 | 25 | 26 |
| Interest | 20 | 17 | 18 | 18 | 16 | 14 | 14 | 9 | 5 | 4 | 7 | 0 | 0 |
| Depreciation | 61 | 60 | 63 | 63 | 67 | 68 | 68 | 69 | 69 | 71 | 72 | 70 | 71 |
| Profit before tax | 30 | -18 | 284 | 107 | 147 | 137 | 214 | 182 | 211 | 177 | 668 | 278 | 317 |
| Tax % | 36% | -14% | 48% | 36% | 36% | 37% | 35% | 36% | 36% | 35% | 35% | 36% | -11% |
| Net Profit | 19 | -16 | 147 | 69 | 94 | 85 | 140 | 116 | 135 | 115 | 435 | 176 | 351 |
| EPS in Rs | 14.61 | -11.83 | 111.25 | 52.06 | 71.24 | 64.81 | 106.45 | 87.81 | 102.47 | 87.51 | 329.92 | 133.82 | 266.14 |
Last Updated: December 26, 2025, 11:07 pm
Below is a detailed analysis of the quarterly data for Force Motors Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Sales, as of Sep 2025, the value is 2,081.00 Cr.. The value appears to be declining and may need further review. It has decreased from 2,297.00 Cr. (Jun 2025) to 2,081.00 Cr., marking a decrease of 216.00 Cr..
- For Expenses, as of Sep 2025, the value is 1,719.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 1,974.00 Cr. (Jun 2025) to 1,719.00 Cr., marking a decrease of 255.00 Cr..
- For Operating Profit, as of Sep 2025, the value is 363.00 Cr.. The value appears strong and on an upward trend. It has increased from 323.00 Cr. (Jun 2025) to 363.00 Cr., marking an increase of 40.00 Cr..
- For OPM %, as of Sep 2025, the value is 17.00%. The value appears strong and on an upward trend. It has increased from 14.00% (Jun 2025) to 17.00%, marking an increase of 3.00%.
- For Other Income, as of Sep 2025, the value is 26.00 Cr.. The value appears strong and on an upward trend. It has increased from 25.00 Cr. (Jun 2025) to 26.00 Cr., marking an increase of 1.00 Cr..
- For Interest, as of Sep 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Jun 2025) which recorded 0.00 Cr..
- For Depreciation, as of Sep 2025, the value is 71.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 70.00 Cr. (Jun 2025) to 71.00 Cr., marking an increase of 1.00 Cr..
- For Profit before tax, as of Sep 2025, the value is 317.00 Cr.. The value appears strong and on an upward trend. It has increased from 278.00 Cr. (Jun 2025) to 317.00 Cr., marking an increase of 39.00 Cr..
- For Tax %, as of Sep 2025, the value is -11.00%. The value appears to be improving (decreasing) as expected. It has decreased from 36.00% (Jun 2025) to -11.00%, marking a decrease of 47.00%.
- For Net Profit, as of Sep 2025, the value is 351.00 Cr.. The value appears strong and on an upward trend. It has increased from 176.00 Cr. (Jun 2025) to 351.00 Cr., marking an increase of 175.00 Cr..
- For EPS in Rs, as of Sep 2025, the value is 266.14. The value appears strong and on an upward trend. It has increased from 133.82 (Jun 2025) to 266.14, marking an increase of 132.32.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: December 15, 2025, 3:43 am
| Metric | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,022 | 2,364 | 3,025 | 3,069 | 3,423 | 3,652 | 3,081 | 1,988 | 3,240 | 5,029 | 6,992 | 8,072 | 8,624 |
| Expenses | 1,925 | 2,217 | 2,751 | 2,801 | 3,155 | 3,378 | 2,820 | 1,964 | 3,190 | 4,716 | 6,096 | 6,973 | 7,377 |
| Operating Profit | 97 | 147 | 274 | 268 | 268 | 275 | 261 | 24 | 50 | 313 | 897 | 1,099 | 1,247 |
| OPM % | 5% | 6% | 9% | 9% | 8% | 8% | 8% | 1% | 2% | 6% | 13% | 14% | 14% |
| Other Income | 60 | 66 | 71 | 86 | 69 | 82 | 3 | 2 | 52 | 268 | 37 | 446 | 488 |
| Interest | 9 | 7 | 5 | 6 | 7 | 15 | 28 | 28 | 41 | 68 | 62 | 26 | 12 |
| Depreciation | 85 | 81 | 92 | 113 | 129 | 151 | 195 | 174 | 191 | 241 | 267 | 280 | 284 |
| Profit before tax | 63 | 125 | 249 | 235 | 201 | 190 | 42 | -176 | -130 | 272 | 605 | 1,238 | 1,440 |
| Tax % | -24% | 19% | 28% | 23% | 27% | 25% | -20% | -30% | -30% | 51% | 36% | 35% | |
| Net Profit | 78 | 102 | 179 | 180 | 147 | 143 | 50 | -124 | -91 | 134 | 388 | 801 | 1,077 |
| EPS in Rs | 59.08 | 77.06 | 135.77 | 136.68 | 111.66 | 108.78 | 38.08 | -93.83 | -69.12 | 101.42 | 294.54 | 607.71 | 817.39 |
| Dividend Payout % | 5% | 6% | 7% | 7% | 9% | 9% | 26% | -5% | -14% | 10% | 7% | 7% |
YoY Net Profit Growth
| Year | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | 30.77% | 75.49% | 0.56% | -18.33% | -2.72% | -65.03% | -348.00% | 26.61% | 247.25% | 189.55% | 106.44% |
| Change in YoY Net Profit Growth (%) | 0.00% | 44.72% | -74.93% | -18.89% | 15.61% | -62.31% | -282.97% | 374.61% | 220.64% | -57.70% | -83.11% |
Force Motors Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.
Growth
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 21% |
| 3 Years: | 36% |
| TTM: | 15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 47% |
| 3 Years: | 100% |
| TTM: | 39% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 74% |
| 3 Years: | 138% |
| 1 Year: | 126% |
| Return on Equity | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 8% |
| 3 Years: | 15% |
| Last Year: | 21% |
Last Updated: September 5, 2025, 3:30 pm
Balance Sheet
Last Updated: January 7, 2026, 5:28 pm
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
| Reserves | 1,215 | 1,306 | 1,476 | 1,654 | 1,788 | 1,920 | 1,952 | 1,825 | 1,735 | 1,862 | 2,242 | 3,020 | 3,493 |
| Borrowings | 20 | 11 | 14 | 199 | 0 | 286 | 310 | 642 | 1,069 | 955 | 524 | 17 | -0 |
| Other Liabilities | 527 | 645 | 801 | 738 | 722 | 617 | 823 | 757 | 844 | 1,184 | 1,635 | 2,083 | 1,836 |
| Total Liabilities | 1,775 | 1,975 | 2,305 | 2,604 | 2,523 | 2,836 | 3,098 | 3,238 | 3,661 | 4,013 | 4,415 | 5,134 | 5,342 |
| Fixed Assets | 643 | 638 | 786 | 911 | 948 | 1,216 | 1,400 | 1,224 | 2,033 | 2,094 | 2,031 | 1,969 | 2,115 |
| CWIP | 206 | 240 | 205 | 220 | 369 | 372 | 445 | 725 | 302 | 154 | 171 | 287 | 190 |
| Investments | 0 | 0 | 14 | 9 | 10 | 23 | 78 | 100 | 111 | 97 | 91 | 103 | 95 |
| Other Assets | 925 | 1,097 | 1,300 | 1,463 | 1,196 | 1,225 | 1,175 | 1,189 | 1,215 | 1,668 | 2,121 | 2,775 | 2,941 |
| Total Assets | 1,775 | 1,975 | 2,305 | 2,604 | 2,523 | 2,836 | 3,098 | 3,238 | 3,661 | 4,013 | 4,415 | 5,134 | 5,342 |
Below is a detailed analysis of the balance sheet data for Force Motors Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Equity Capital, as of Sep 2025, the value is 13.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 13.00 Cr..
- For Reserves, as of Sep 2025, the value is 3,493.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,020.00 Cr. (Mar 2025) to 3,493.00 Cr., marking an increase of 473.00 Cr..
- For Borrowings, as of Sep 2025, the value is 0.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 17.00 Cr. (Mar 2025) to 0.00 Cr., marking a decrease of 17.00 Cr..
- For Other Liabilities, as of Sep 2025, the value is 1,836.00 Cr.. The value appears to be improving (decreasing). It has decreased from 2,083.00 Cr. (Mar 2025) to 1,836.00 Cr., marking a decrease of 247.00 Cr..
- For Total Liabilities, as of Sep 2025, the value is 5,342.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 5,134.00 Cr. (Mar 2025) to 5,342.00 Cr., marking an increase of 208.00 Cr..
- For Fixed Assets, as of Sep 2025, the value is 2,115.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,969.00 Cr. (Mar 2025) to 2,115.00 Cr., marking an increase of 146.00 Cr..
- For CWIP, as of Sep 2025, the value is 190.00 Cr.. The value appears to be declining and may need further review. It has decreased from 287.00 Cr. (Mar 2025) to 190.00 Cr., marking a decrease of 97.00 Cr..
- For Investments, as of Sep 2025, the value is 95.00 Cr.. The value appears to be declining and may need further review. It has decreased from 103.00 Cr. (Mar 2025) to 95.00 Cr., marking a decrease of 8.00 Cr..
- For Other Assets, as of Sep 2025, the value is 2,941.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,775.00 Cr. (Mar 2025) to 2,941.00 Cr., marking an increase of 166.00 Cr..
- For Total Assets, as of Sep 2025, the value is 5,342.00 Cr.. The value appears strong and on an upward trend. It has increased from 5,134.00 Cr. (Mar 2025) to 5,342.00 Cr., marking an increase of 208.00 Cr..
Notably, the Reserves (3,493.00 Cr.) exceed the Borrowings (0.00 Cr.), indicating a solid financial buffer.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Free Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | 77.00 | 136.00 | 260.00 | 69.00 | 268.00 | -11.00 | -49.00 | -618.00 | 49.00 | -642.00 | 373.00 | -16.00 |
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Financial Efficiency Indicators
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 24 | 17 | 18 | 14 | 26 | 17 | 20 | 23 | 21 | 14 | 5 | 8 |
| Inventory Days | 97 | 87 | 92 | 73 | 68 | 66 | 91 | 136 | 89 | 77 | 83 | 73 |
| Days Payable | 77 | 87 | 70 | 80 | 81 | 52 | 95 | 108 | 72 | 69 | 61 | 48 |
| Cash Conversion Cycle | 44 | 17 | 40 | 6 | 13 | 31 | 15 | 52 | 38 | 22 | 27 | 32 |
| Working Capital Days | 24 | 15 | 23 | 30 | 43 | 43 | 6 | -5 | -37 | -6 | -2 | 16 |
| ROCE % | 6% | 10% | 18% | 14% | 11% | 10% | 5% | -5% | -3% | 5% | 24% | 30% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| Sundaram Flexicap Fund | 21,000 | 2.03 | 43.19 | N/A | N/A | N/A |
| Sundaram Value Fund | 19,735 | 2.75 | 40.59 | N/A | N/A | N/A |
| Sundaram ELSS Tax Saver Fund | 14,000 | 2.05 | 28.79 | 39,000 | 2025-10-30 05:55:10 | -64.1% |
| WhiteOak Capital Flexi Cap Fund | 11,075 | 0.32 | 22.78 | N/A | N/A | N/A |
| Samco Active Momentum Fund | 8,805 | 2.56 | 18.11 | N/A | N/A | N/A |
| WhiteOak Capital Multi Cap Fund | 4,396 | 0.31 | 9.04 | N/A | N/A | N/A |
| Samco Special Opportunities Fund | 2,169 | 3.13 | 4.46 | N/A | N/A | N/A |
| Shriram Flexi Cap Fund | 430 | 0.65 | 0.88 | N/A | N/A | N/A |
| Samco Dynamic Asset Allocation Fund | 169 | 0.13 | 0.35 | N/A | N/A | N/A |
| Shriram ELSS Tax Saver Fund | 150 | 0.62 | 0.31 | N/A | N/A | N/A |
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Basic EPS (Rs.) | 607.71 | 294.54 | 101.43 | -69.13 | -93.83 |
| Diluted EPS (Rs.) | 607.71 | 294.54 | 101.43 | -69.13 | -93.83 |
| Cash EPS (Rs.) | 819.86 | 507.43 | 298.24 | 88.48 | 47.10 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 2301.54 | 1712.71 | 1424.22 | 1327.66 | 1395.85 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 2301.54 | 1712.71 | 1424.22 | 1327.66 | 1395.85 |
| Revenue From Operations / Share (Rs.) | 6124.23 | 5305.11 | 3815.61 | 2458.59 | 1508.49 |
| PBDIT / Share (Rs.) | 871.99 | 719.11 | 297.30 | 90.30 | 28.82 |
| PBIT / Share (Rs.) | 659.36 | 516.72 | 114.64 | -54.58 | -102.94 |
| PBT / Share (Rs.) | 939.10 | 469.57 | 220.80 | -85.71 | -124.36 |
| Net Profit / Share (Rs.) | 607.24 | 305.04 | 115.58 | -56.39 | -84.67 |
| NP After MI And SOA / Share (Rs.) | 607.54 | 294.45 | 101.40 | -69.10 | -93.80 |
| PBDIT Margin (%) | 14.23 | 13.55 | 7.79 | 3.67 | 1.91 |
| PBIT Margin (%) | 10.76 | 9.74 | 3.00 | -2.21 | -6.82 |
| PBT Margin (%) | 15.33 | 8.85 | 5.78 | -3.48 | -8.24 |
| Net Profit Margin (%) | 9.91 | 5.74 | 3.02 | -2.29 | -5.61 |
| NP After MI And SOA Margin (%) | 9.92 | 5.55 | 2.65 | -2.81 | -6.21 |
| Return on Networth / Equity (%) | 26.39 | 17.20 | 7.12 | -5.21 | -6.72 |
| Return on Capital Employeed (%) | 25.49 | 24.50 | 6.03 | -3.02 | -5.73 |
| Return On Assets (%) | 15.59 | 8.79 | 3.32 | -2.48 | -3.81 |
| Long Term Debt / Equity (X) | 0.00 | 0.16 | 0.31 | 0.34 | 0.26 |
| Total Debt / Equity (X) | 0.01 | 0.23 | 0.50 | 0.61 | 0.28 |
| Asset Turnover Ratio (%) | 1.69 | 1.66 | 1.30 | 0.93 | 0.62 |
| Current Ratio (X) | 1.50 | 1.25 | 1.04 | 0.80 | 1.01 |
| Quick Ratio (X) | 0.80 | 0.53 | 0.48 | 0.30 | 0.37 |
| Inventory Turnover Ratio (X) | 6.88 | 5.26 | 5.37 | 4.32 | 2.74 |
| Dividend Payout Ratio (NP) (%) | 3.29 | 3.39 | 9.86 | -7.23 | -10.66 |
| Dividend Payout Ratio (CP) (%) | 2.43 | 2.01 | 3.52 | 6.59 | 26.33 |
| Earning Retention Ratio (%) | 96.71 | 96.61 | 90.14 | 107.23 | 110.66 |
| Cash Earning Retention Ratio (%) | 97.57 | 97.99 | 96.48 | 93.41 | 73.67 |
| Interest Coverage Ratio (X) | 44.43 | 15.25 | 5.73 | 2.90 | 1.35 |
| Interest Coverage Ratio (Post Tax) (X) | 16.68 | 7.47 | 0.18 | -0.81 | -2.95 |
| Enterprise Value (Cr.) | 11434.78 | 9625.28 | 2352.96 | 2346.33 | 2030.17 |
| EV / Net Operating Revenue (X) | 1.42 | 1.38 | 0.46 | 0.72 | 1.02 |
| EV / EBITDA (X) | 9.95 | 10.16 | 6.00 | 19.72 | 53.44 |
| MarketCap / Net Operating Revenue (X) | 1.48 | 1.37 | 0.30 | 0.41 | 0.77 |
| Retention Ratios (%) | 96.70 | 96.60 | 90.13 | 107.23 | 110.66 |
| Price / BV (X) | 3.93 | 4.23 | 0.81 | 0.77 | 0.83 |
| Price / Net Operating Revenue (X) | 1.48 | 1.37 | 0.30 | 0.41 | 0.77 |
| EarningsYield | 0.06 | 0.04 | 0.08 | -0.06 | -0.08 |
After reviewing the key financial ratios for Force Motors Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Mar 25, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 10.00.
- For Basic EPS (Rs.), as of Mar 25, the value is 607.71. This value is within the healthy range. It has increased from 294.54 (Mar 24) to 607.71, marking an increase of 313.17.
- For Diluted EPS (Rs.), as of Mar 25, the value is 607.71. This value is within the healthy range. It has increased from 294.54 (Mar 24) to 607.71, marking an increase of 313.17.
- For Cash EPS (Rs.), as of Mar 25, the value is 819.86. This value is within the healthy range. It has increased from 507.43 (Mar 24) to 819.86, marking an increase of 312.43.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 2,301.54. It has increased from 1,712.71 (Mar 24) to 2,301.54, marking an increase of 588.83.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 2,301.54. It has increased from 1,712.71 (Mar 24) to 2,301.54, marking an increase of 588.83.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 6,124.23. It has increased from 5,305.11 (Mar 24) to 6,124.23, marking an increase of 819.12.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 871.99. This value is within the healthy range. It has increased from 719.11 (Mar 24) to 871.99, marking an increase of 152.88.
- For PBIT / Share (Rs.), as of Mar 25, the value is 659.36. This value is within the healthy range. It has increased from 516.72 (Mar 24) to 659.36, marking an increase of 142.64.
- For PBT / Share (Rs.), as of Mar 25, the value is 939.10. This value is within the healthy range. It has increased from 469.57 (Mar 24) to 939.10, marking an increase of 469.53.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 607.24. This value is within the healthy range. It has increased from 305.04 (Mar 24) to 607.24, marking an increase of 302.20.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 607.54. This value is within the healthy range. It has increased from 294.45 (Mar 24) to 607.54, marking an increase of 313.09.
- For PBDIT Margin (%), as of Mar 25, the value is 14.23. This value is within the healthy range. It has increased from 13.55 (Mar 24) to 14.23, marking an increase of 0.68.
- For PBIT Margin (%), as of Mar 25, the value is 10.76. This value is within the healthy range. It has increased from 9.74 (Mar 24) to 10.76, marking an increase of 1.02.
- For PBT Margin (%), as of Mar 25, the value is 15.33. This value is within the healthy range. It has increased from 8.85 (Mar 24) to 15.33, marking an increase of 6.48.
- For Net Profit Margin (%), as of Mar 25, the value is 9.91. This value is within the healthy range. It has increased from 5.74 (Mar 24) to 9.91, marking an increase of 4.17.
- For NP After MI And SOA Margin (%), as of Mar 25, the value is 9.92. This value is within the healthy range. It has increased from 5.55 (Mar 24) to 9.92, marking an increase of 4.37.
- For Return on Networth / Equity (%), as of Mar 25, the value is 26.39. This value is within the healthy range. It has increased from 17.20 (Mar 24) to 26.39, marking an increase of 9.19.
- For Return on Capital Employeed (%), as of Mar 25, the value is 25.49. This value is within the healthy range. It has increased from 24.50 (Mar 24) to 25.49, marking an increase of 0.99.
- For Return On Assets (%), as of Mar 25, the value is 15.59. This value is within the healthy range. It has increased from 8.79 (Mar 24) to 15.59, marking an increase of 6.80.
- For Long Term Debt / Equity (X), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 0.2. It has decreased from 0.16 (Mar 24) to 0.00, marking a decrease of 0.16.
- For Total Debt / Equity (X), as of Mar 25, the value is 0.01. This value is within the healthy range. It has decreased from 0.23 (Mar 24) to 0.01, marking a decrease of 0.22.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 1.69. It has increased from 1.66 (Mar 24) to 1.69, marking an increase of 0.03.
- For Current Ratio (X), as of Mar 25, the value is 1.50. This value is within the healthy range. It has increased from 1.25 (Mar 24) to 1.50, marking an increase of 0.25.
- For Quick Ratio (X), as of Mar 25, the value is 0.80. This value is below the healthy minimum of 1. It has increased from 0.53 (Mar 24) to 0.80, marking an increase of 0.27.
- For Inventory Turnover Ratio (X), as of Mar 25, the value is 6.88. This value is within the healthy range. It has increased from 5.26 (Mar 24) to 6.88, marking an increase of 1.62.
- For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 3.29. This value is below the healthy minimum of 20. It has decreased from 3.39 (Mar 24) to 3.29, marking a decrease of 0.10.
- For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 2.43. This value is below the healthy minimum of 20. It has increased from 2.01 (Mar 24) to 2.43, marking an increase of 0.42.
- For Earning Retention Ratio (%), as of Mar 25, the value is 96.71. This value exceeds the healthy maximum of 70. It has increased from 96.61 (Mar 24) to 96.71, marking an increase of 0.10.
- For Cash Earning Retention Ratio (%), as of Mar 25, the value is 97.57. This value exceeds the healthy maximum of 70. It has decreased from 97.99 (Mar 24) to 97.57, marking a decrease of 0.42.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 44.43. This value is within the healthy range. It has increased from 15.25 (Mar 24) to 44.43, marking an increase of 29.18.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 16.68. This value is within the healthy range. It has increased from 7.47 (Mar 24) to 16.68, marking an increase of 9.21.
- For Enterprise Value (Cr.), as of Mar 25, the value is 11,434.78. It has increased from 9,625.28 (Mar 24) to 11,434.78, marking an increase of 1,809.50.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 1.42. This value is within the healthy range. It has increased from 1.38 (Mar 24) to 1.42, marking an increase of 0.04.
- For EV / EBITDA (X), as of Mar 25, the value is 9.95. This value is within the healthy range. It has decreased from 10.16 (Mar 24) to 9.95, marking a decrease of 0.21.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 1.48. This value is within the healthy range. It has increased from 1.37 (Mar 24) to 1.48, marking an increase of 0.11.
- For Retention Ratios (%), as of Mar 25, the value is 96.70. This value exceeds the healthy maximum of 70. It has increased from 96.60 (Mar 24) to 96.70, marking an increase of 0.10.
- For Price / BV (X), as of Mar 25, the value is 3.93. This value exceeds the healthy maximum of 3. It has decreased from 4.23 (Mar 24) to 3.93, marking a decrease of 0.30.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 1.48. This value is within the healthy range. It has increased from 1.37 (Mar 24) to 1.48, marking an increase of 0.11.
- For EarningsYield, as of Mar 25, the value is 0.06. This value is below the healthy minimum of 5. It has increased from 0.04 (Mar 24) to 0.06, marking an increase of 0.02.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
|
|
Stock Analysis
- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Force Motors Ltd:
- Net Profit Margin: 9.91%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: 25.49% (Industry Average ROCE: 22.38%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: 26.39% (Industry Average ROE: 25.68%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 16.68
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 0.8
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 30.1 (Industry average Stock P/E: 31.91)
- Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
- Total Debt / Equity: 0.01
- Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
Stock Rating: - Net Profit Margin: 9.91%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Auto - LCVs/HCVs | Mumbai-Pune Road, Akurdi, Pune Maharashtra 411035 | Contact not found |
| Management | |
|---|---|
| Name | Position Held |
| Mr. Abhaykumar Navalmal Firodia | Chairman |
| Mr. Prasan Abhaykumar Firodia | Managing Director |
| Mr. Prashant V Inamdar | Executive Director - Operations |
| Ms. Sonia Prashar | Independent Director |
| Mr. Vallabh Roopchand Bhanshali | Independent Director |
| Mr. Mukesh Mangalbhai Patel | Independent Director |
FAQ
What is the intrinsic value of Force Motors Ltd?
Force Motors Ltd's intrinsic value (as of 27 January 2026) is ₹51917.10 which is 176.38% higher the current market price of ₹18,785.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's ₹24,686 Cr. market cap, FY2025-2026 high/low of ₹22,000/6,125, reserves of ₹3,493 Cr, and liabilities of ₹5,342 Cr.
What is the Market Cap of Force Motors Ltd?
The Market Cap of Force Motors Ltd is 24,686 Cr..
What is the current Stock Price of Force Motors Ltd as on 27 January 2026?
The current stock price of Force Motors Ltd as on 27 January 2026 is ₹18,785.
What is the High / Low of Force Motors Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of Force Motors Ltd stocks is ₹22,000/6,125.
What is the Stock P/E of Force Motors Ltd?
The Stock P/E of Force Motors Ltd is 30.1.
What is the Book Value of Force Motors Ltd?
The Book Value of Force Motors Ltd is 2,661.
What is the Dividend Yield of Force Motors Ltd?
The Dividend Yield of Force Motors Ltd is 0.21 %.
What is the ROCE of Force Motors Ltd?
The ROCE of Force Motors Ltd is 30.0 %.
What is the ROE of Force Motors Ltd?
The ROE of Force Motors Ltd is 20.8 %.
What is the Face Value of Force Motors Ltd?
The Face Value of Force Motors Ltd is 10.0.